The Ohio Air Quality Development Authority (OAQDA) has closed on bond financing of nearly $1.1 million for RAM Precision Industries to support the installation of a 237.6-kW solar energy system at the company’s facility in Montgomery County. The project was reviewed through OAQDA’s small business assistance program, which is expanding to support energy-efficient and clean air projects. This helps small businesses overcome financial barriers while transitioning to cleaner technologies and enhances their competitive edge in the industry.
“RAM Precision Industries has been a vital part of the Dayton community for 50 years, and we are proud to support their investment in their facility including with cleaner energy improvements like solar,” said Christina O’Keeffe, executive director of OAQDA. “This project is a great example of OAQDA’s effort to serve the needs of small businesses as we adapt our existing programs to provide much-needed financing for energy upgrades, especially as many Ohio suppliers like RAM are implementing energy efficiency and cleaner generation options to serve customer demands and improve their resiliency.”
OAQDA is committed to serving the economic and environmental needs of Ohio businesses and communities. OAQDA offers financing packages that are structured to suit the needs of individual projects, which are incentivized with financial benefits using conduit bonds and grants to help small businesses cover a portion of project costs.
“Investing in solar energy is not only a sustainable business decision but also a vital step toward securing our long-term success,” said Rick Mount, Owner and CEO of RAM Precision Industries. “The support from OAQDA allows us to move forward with this important project while preserving jobs and contributing to the local economy.”
News item from the Ohio Air Quality Development Authority